Ahead of second day of the president's impeachment defense presentation, Republican and Democratic senators offered very different reactions to a bombshell New York Times report that ex-National Security Advisor John Bolton has written in a manuscript that President Donald Trump told him that he froze aid to Ukraine over demands for investigations into Democrats, including former Vice President and 2020 presidential hopeful Joe Biden.
At separate press conferences on Monday, Republicans said nothing has changed, but Democrats called the new information "stunning."
Republican Sen. Mike Braun of Indiana said the weekend reporting, "really doesn't change anything." Sen. John Barrasso of Wyoming said, "the facts of the case remain the same."
Before the GOP members spoke, Senate Minority Leader Chuck Schumer of New York alleged that if the Senate Republicans are "not going to vote to call Mr. Bolton and Mr. [Mick] Mulvaney, they would be part of a coverup."
"We're all staring a White House coverup in the face," Schumer said, flanked by Democratic SenatorsTammy Baldwin of Wisconsin and Ben Cardin of Maryland. "This is stunning."
Schumer said Bolton's allegation "essentially confirms" the first impeachment article of abuse of power against the president.
Asked if he would support a subpoena to get John Bolton's manuscript, Republican Sen. Lindsey Graham reportedly told reporters Monday, "I want to know what's in the manuscript, yeah, I think that's important." Senators Mitt Romney (R-Utah) and Susan Collins (R-Maine) also indicated they would consider voting to hear from witnesses.
President Joe Biden on Wednesday signed a long-awaited executive order on cryptocurrencies, striking a careful balance between highlighting the risks of digital assets and touting their potential benefits.
McDonald’s said Tuesday it is temporarily closing all of its 850 restaurants in Russia in response to the country's invasion of Ukraine. The burger giant said it will continue paying its 62,000 employees in Russia.
The price of nickel, one of the key minerals needed to produce stainless steel and lithium-ion batteries, saw an unprecedented surge Tuesday amid fears that Western sanctions could cut off Russian supplies of the crucial commodity.
As Western companies cut ties with Russia over its invasion of Ukraine, there's a possibility their Chinese rivals could move in and fill the void. Major corporations such as Apple, Samsung, Dell, and more have halted sales in Russia in hopes of encouraging Putin to back down, but now it seems those sanctions could be presenting a unique opportunity for China. Michael Friedson, Co-founder and Executive Editor of The Media Line News Agency, joined Cheddar's Opening Bell to discuss how these Western boycotts are reshaping geopolitical alignments, the global economy, and international trade.
Gas prices have reached their highest level since 2008, topping an average of $4 across the country. The surge comes as Russia's invasion of Ukraine triggers supply concerns in what was already an extremely tight oil market. Jay Hatfield, Chief Investment Officer at ICAP, breaks down why costs at the pump are so high right now, and just how high they could go.
President Joe Biden has announced that the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine.
If confirmed, judge Ketanji Brown Jackson could become the first black woman on the bench of the U.S. Supreme Court. Cheddar News speaks with Katie Barlow, Chief Legal Correspondent at Fox 5 to discuss the significance of the nomination.
The European Union is historically divided and slow when it comes to decision-making, but in the recent weeks, the 27 members have agreed upon several sanctions and decisions regarding foreign policy and defense. The EU has cut off Russian banks from the swift payment system, blocked Russian propaganda channels, and closed European skies for air travel to and from Russia. Germany, for example, who has refused to send any deadly weapons to conflict zones, has now agreed to send lethal weapons to Ukraine. Rupert Steiner, London Bureau Chief at Barron's, joins cheddar news to discuss.
Sam Stovall, Chief Investment Strategist at CFRA Research, joins Cheddar News' Closing Bell where he dives into the factors contributing to Monday's market plunge and what could be in store when February's CPI data comes out on Tuesday.
Derek Shearer, former U.S. Ambassador to Finland and contributing writer for Washington Monthly, joins Cheddar News to discuss the latest developments in the Russia-Ukraine conflict.
